secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001049521-25-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mercury Systems Q1 revenue up 10% to $225M; record backlog $1.4B; board authorizes $200M buyback
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- Revenue $225.2M (+10.2% YoY); GAAP net loss $12.5M ($0.21/sh) improves from $17.5M loss.
- Adjusted EBITDA $35.6M (+66% YoY); adjusted EPS $0.26 vs $0.04.
- Bookings $250.2M, book-to-bill 1.11; backlog $1.4B record (+6.5% YoY).
- Operating cash flow $2.2M vs $(14.7)M; free cash flow $(4.4)M improves $16.5M.
- Board authorized $200M share repurchase; amended credit facility to $850M maturing 2030.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952125000060/0001049521-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952125000060/mrcy-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001049521-25-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer